| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP699 |
| DP699 Earnings Uncertainty and Precautionary Saving | |
| Luigi Guiso; Tullio Jappelli; Daniele Terlizzese | |
| 发表日期 | 1992-06-30 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | We test for the presence of precautionary saving using a self-reported measure of earnings uncertainty drawn from the 1989 Italian Survey of Household Income and Wealth. The effect of uncertainty on saving and wealth accumulations is consistent with the theory of precautionary saving and with decreasing prudence. Earnings uncertainty, however, explains only a small fraction of saving and asset accumulation. The results cast doubt on the empirical relevance of precautionary saving as a response to earnings uncertainty, but not on the importance of the precautionary motive per se. Besides earnings uncertainty, other major risks such as health and mortality risks may be important determinants of wealth accumulation. |
| 主题 | International Macroeconomics |
| 关键词 | Earnings uncertainty Precautionary saving |
| URL | https://cepr.org/publications/dp699 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529838 |
| 推荐引用方式 GB/T 7714 | Luigi Guiso,Tullio Jappelli,Daniele Terlizzese. DP699 Earnings Uncertainty and Precautionary Saving. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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